Market poll: Libor reform in the US

Author: John Crabb | Published: 8 Aug 2019

This month IFLR is collaborating with Practice
Insight to gauge the market sentiment on the secured overnight
financing rate's progress as the NY Fed looks to replace USD
Libor

Regulators have been clear that by end-2021, it will be
lights out for Libor

Libor is no more – well, that's what they say,
at least. When the infamous trader Tom Hayes first realised he
could manipulate the rate for his own profit, he can't have
imagined that 15 years later, thousands and thousands of
consultants, lawyers, bankers and of course financial
journalists would still be wrapped up in the process of making
sure that it could not happen again.

Hayes did most of his best work in Hong Kong, but the
ramifications were global. As a result, Libor will be
effectively discontinued across the world by the end of next
year.